October 1, 2012
To ensure success, it’s important to consistently evaluate your business and identify possible areas for enhancement. Of course, because you are an integral part of daily operations, it’s sometimes hard to visualize what enhancements may be needed or to come up with that next BIG idea.
With this in mind, we want to provide you with a few tips to help jumpstart innovation in your business. Author Soren Kaplan in his new book “Leapfrogging: Harness the Power of Surprise for Business Breakthroughs,” serves up a few questions that can help you view your business from a new vantage point and inspire innovation. Take a moment to ask yourself:
Innovative breakthroughs often require that you step back just enough to really “see” your business. These questions offer a good start.
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The combination of running a business and your life and preparing for tax time can drive some people into a slight panic. But no need to get stressed if you are prepared. Now is the time to start organizing all documents required to file your tax return.
The weekend February 23-25, 2019, presents a tax-saving opportunity for those seeking to prepare for the storms that accompany spring (and summer, and fall) in North Alabama. Before the hail, tornadoes, straight-line wind, microbursts, and other meteorological mayhem commences, Alabama Department of Revenue is holding its seventh annual Severe Weather Preparedness Sales Tax Holiday. Items like weather radios, duct tape, tarps, and flashlights are included in this holiday. But also listed are some items that may also prove useful for another season - football season!
In general, meals provided to employees are considered to be income to the employee and must be reported on their W-2. The exception to this is if the meal is provided for the employer's convenience. But what does this actually mean? The IRS recently issued guidance on when these meals are or are not considered income. Like most things related to the IRS, facts and circumstances of each individual case need to considered. However, there are some general guidelines which are summarized below.